CFPB Wants to Remove Bias in Algorithm Appraisals
An automatic appraisal that uses historical data can simply mirror existing discrimination, says the national consumer agency, now reviewing loan algorithms.
NAHB: Jan. New-Home Sales Lower but ‘Still Solid’
New-home sales dropped 4.5% in Jan., but builders say demand remains strong. They blame supply-chain issues that increase costs and slow construction time.
Why Do Some Developments Have Silly Names?
Why does Golfview Harbour have no golf, no view and no harbor? And Hollywood Hills has no hills? Why can’t you go hunting in Woodfield Hunt Club?
Mortgage Rates Drop a Bit this Week, Average 3.89%
A number of economic indicators suggest higher mortgage rates, but competition from refinancing homeowners also declined after rates rose to almost 4%.
NAR Study Finds Drop in Black Homeownership Rate
The U.S. homeownership rate grew a record 1.3% in 2020 – to 65.5%. It also grew over 10 years for all groups but one: The Black rate dropped to 43.4% from 2010’s 44.2%.
RE Q&A: Condo’s Co-Owner Disappeared 20 Years Ago
A no-longer “significant other” walked out the door decades ago, leaving behind a condo he co-purchased with a partner who now wants to sell. What happens now?
Surfside Collapse Complicates Condo Buying
New Fannie, Freddie mortgage-approval rules require info on a condo building’s soundness. But few boards have easy access to data and often don’t understand it.
Less Land Means Smaller New Developments
In Jupiter, an 8.5-acre single-family lot will be a 20-home development, an opportunity being considered across Fla. as most buildable land moves farther out.
Don’t Underestimate a Strong Email Subject Line
Do you scan 50 new emails and delete 80% of them without reading? Most people do. A simple “subject line” is often key to guaranteeing your emails will be read.
How ‘Tax-Friendly’ Is Fla. Compared to Other States?
A MoneyGeek study including IRS, state, property and sales taxes listed Fla. as the No. 4 least-expensive tax state. Total tax costs are about 5.6% of total income.